‘Big Four’ Firm EY Will Use Polygon PoS for Employment Contracts
Ernest & Young has unveiled an enterprise contract management service that will allow customers to put contracts on a public blockchain while keeping business information private through ‘zero-knowledge’ circuits. The company’s OpsChain Contract Manager currently runs on the Polygon PoS system. This news could mark another concrete step towards institutional use of public blockchains, after asset management giant BlackRock launched a tokenized fund on Ethereum.
Bitcoin Halving Searches on Google Reach an All-Time High
The number of searches for ‘Bitcoin halving’ on Google has reached an all-time high. Additionally, according to the data obtained, the number of searches more than doubled compared to the halving period in 2020. According to Google Trends data, the search for ‘Bitcoin halving’ has currently reached 45 points out of 100, and this score is expected to approach the 100 level by the end of this month.
Collaboration Between SingularityNet and Minswap Labs
SingularityNet has partnered with Minswap Labs, a multi-pool decentralized exchange built on Cardano. SingularityNet announced on April 17 that the two companies will work together to transform decentralized finance on the Cardano blockchain by integrating DeFi technology with artificial intelligence. The new partnership between Minswap Labs and SingularityNet marks a new era of innovation that promises to increase the functionality and efficiency of AI and DeFi in the Web3 ecosystem.
New Layer-2 Project from Worldcoin World Chain
Worldcoin Foundation recently announced that it will launch a Layer-2 network called World Chain on Ethereum. This network was described as ‘a new blockchain designed for people’. World Chain is planned to be released in the summer of this year. The company said World Chain will be community-governed and an open and permissionless network.
Hidden Road Partners is on Track to Raise $120 Million
Hidden Road Partners aims to raise $120 million in a series B equity round with a valuation target of approximately $1 billion. In this financing round, the company plans to support its growth strategies by getting support from a strong investor base. This initiative stands out as a step that reflects the growth potential of the company and the confidence of investors.
Ord.io Raised $2 Million
Bitcoin Ordinals explorer Ord.io has raised $2 million in a seed-stage funding round led by Bitcoin Frontier Fund and Sora Ventures. The new funds will be used to support the launch of Bitcoin during the halving and expand its platforms with a new exchange token standard called Runes. The platform allows users to search, examine and interact with Ordinals inscriptions on the Bitcoin blockchain. It plans to use the new funding to expand support for its upcoming Runes protocol, which was developed to enable Bitcoin’s launch during the halving.
Yuga Labs Removed 2 NFT Games
Yuga Labs, the company behind the NFT collection Bored Ape Yacht Club, has transferred the intellectual property rights to two games, HV-MTL and Legends of the Mara. In an April 17 post, Yuga Labs announced that it had acquired the intellectual property of Web3 game studio Faraway, noting that chief gaming officer Spencer Tucker would join Faraway as the new chief product officer to ensure continuity at the new game studio.
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BITCOIN (BTC)
BTC is priced at $61,260 with a 0.04% loss of value as of the morning hours. On the 4-hour chart, we observe that the rejection was defeated at the resistance level of $61,762. The horizontal channel with the upper part at 73,700 and the lower part at 61,762 was broken down. The price could not rise much after the support at $60,800. The middle part of the horizontal band, i.e. $67,000, is a level that can act as resistance. A close above this level could take the price to $73,000. For closings below $60,800, a decrease of up to $55,000 may be observed.
ETHEREUM (ETH)
ETH is priced at $2971 with a 0.49% loss of value as of the morning hours. After receiving a reaction at the $3700 level, there was a loss of approximately 20% in value. The decline continues after the $3000 loss. Permanence above $3000 is important, and the $3300 level may be seen again in the upward movement. In closings below $2900, $2866 appears as the first support.
RIPPLE (XRP)
As of the morning hours, XRP is priced at $ 0.4918 with a 0.67% loss in value. With the decline in the market, we see that $0.4235 liquidity is taken in XRP. After this level is taken, the upward movement continues. $0.50 is an important level and it was rejected once again. In case of an upward break, a rise up to $0.55 may be seen. If it is rejected at $0.50, a drop to $0.40 may be observed.
AVALANCHE (AVAX)
AVAX is priced at $33.98 with a 1.19% gain in value as of the morning hours. With the decline in the market, there was a 55% withdrawal. After falling to $30, there seems to be a reaction at this level. $38 is a critical region, and in pricing above this level, the $40 band can be seen again. If there is a loss in the $ 32.50 region, there may be a drop to $ 25.
SOLANA (SOL)
SOL is priced at $134.83 with a 2.28% gain in value as of the morning hours. When we examine the hourly chart, we see that there is horizontal movement between the $127 and $140 levels. These two levels can be followed as main support and resistance levels. The short-term resistance point is $137. If there is persistence above this region, the $140 level can be tested. In case of a withdrawal, the $ 130 level can be followed as support.
CHAINLINK (LINK)
As of the morning hours, LINK is priced at $ 13,294 with a 1.20% gain in value. When we examine the hourly chart, we see that the $ 12,850 level, which we follow as the support zone, was tested with the downward movement experienced yesterday and an upward reaction was received from this zone. If this reaction movement continues, the short-term falling trend line can be followed as resistance. If upward movements persist above the $13,400 level, the $13,800 region may be tested. In case of withdrawals, the $13 level can be followed as support.
ARB
ARB is priced at $1.1390 with a 3.05% gain in value as of the morning hours. When we examine the hourly chart, we see that there is an upward movement from the $ 1.08 level, which we follow as the support zone. If this movement continues, the $ 1.17 level can be followed as resistance, and if this resistance zone is crossed, the $ 1.20 level can be tested. In case of withdrawals, the $ 1.10 region can be followed as support.
CHZ
CHZ is priced at $0.11378 with a 4.25% gain in value as of the morning hours. When we examine the hourly chart, we see that the $0.113 area, which we follow as the resistance zone, has been broken upwards. If persistence above this region is achieved, a movement towards the $0.118 region may be possible. In case of withdrawals, the broken resistance levels of $0.113 and $0.11 can be followed as support.
